Emerson 2014 Annual Report Download - page 33

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2014 Emerson > 29
2012 2013 2014
Net sales $24,412 24,669 24,537
Costs and expenses:
Cost of sales 14,644 14,717 14,379
Selling, general and administrative expenses 5,436 5,648 5,715
Goodwill impairment 592 528 508
Other deductions, net 401 362 393
Interest expense, net of interest income of: 2012, $17; 2013, $16; 2014, $24 224 218 194
Earnings before income taxes 3,115 3,196 3,348
Income taxes 1,091 1,130 1,164
Net earnings 2,024 2,066 2,184
Less: Noncontrolling interests in earnings of subsidiaries 56 62 37
Net earnings common stockholders $ 1,968 2,004 2,147
Basic earnings per share common stockholders $ 2.68 2.78 3.05
Diluted earnings per share common stockholders $ 2.67 2.76 3.03
EMERSON ELECTRIC CO. & SUBSIDIARIES
Years ended September 30 | Dollars in millions, except per share amounts
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF EARNINGS